Trump says ‘devalued’ currencies put US at a disadvantage and the Fed doesn’t have a ‘clue’

CNBC/Fred Imbert/6-11-2019

“The dollar fell slightly against the euro following Trump’s tweets. Trump has repeatedly gone after the Fed for what he considers tight monetary policy. The Fed hiked rates four times in 2018.”

USAGOLD note:  Sooner or later, one would think, all of this hectoring of the Fed will have an effect on the markets, including the dollar and consequently gold. . . . .The Fed has already provided plenty by way of indications that it agrees with Trump on the need for more stimulus, but it has not acted as yet.

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